Leggett Real Estate Holdings, LLC obtained financing of $15M from Edgewood Capital Advisors

Leggett Real Estate Holdings, LLC as borrower signed a loan agreement with lender Edgewood Capital Advisors through the entity Ef Edgewood Sbc 2016-1 LLC valued at $15.0 million for 11 parcels, including the tax class semi-fireproof manufacturing building (F4) at 1173 Leggett Avenue, 1175 Leggett Avenue, Grinnell Place, 1190 East 156th Street, 1173 Grinnell Place, and others in Hunts Point. The deal closed on August 22, 2019 and was recorded on September 10, 2019.
The property contains a total of 10,000 square feet of built space. The property has 217,285 square feet of available development rights.
The average loan per buildable square foot is $55.

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